Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 6.08% | +3.52 | 2.56% |
| Return on Equity (%) | ▲ | 32.23% | +17.73 | 14.50% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.43 | 3.29% |
| Efficiency Ratio (%) | ▲ | 47.56% | -5.01 | 52.57% |
| Pre-Provision Profit ($M) | ▲ | $28 | +8.57 | $20 |
| Cost of Funds (%) | ▲ | 0.99% | -0.16 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,994 | +353.42 | $4,641 |
| Gross Loans ($M) | ▲ | $2,480 | +97.43 | $2,383 |
| Loan Growth YoY (%) | ▲ | 63.24% | +0.48 | 62.76% |
| Total Deposits ($M) | ▲ | $3,797 | +123.30 | $3,673 |
| Shareholders Equity ($M) | ▲ | $976 | +149.89 | $826 |
| Tang. Book Value ($M) | ▲ | $939 | +149.89 | $789 |
| TBV excl. AOCI ($M)** | ▲ | $1,041 | +160.31 | $880 |
| Loan / Deposit Ratio (%) | ▲ | 63.24% | +0.48 | 62.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.06 | 0.10% |
| Allowance / Loans (%) | — | 3.19% | -0.06% | 3.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.12 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.81% | +0.89 | 17.92% |
Noninterest income ($9.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▇█ | Net Interest Margin (%) | 3.10% | 3.13% | 3.21% | 3.29% | 3.35% | 3.42% | 3.63% | 3.72% |
| ▂▁▅▂▃▂▆█ | Return on Assets (%) | 2.55% | 1.80% | 4.42% | 2.56% | 3.12% | 2.34% | 4.57% | 6.08% |
| ▄█▃▅▄▅▁▁ | Efficiency Ratio (%) | 52.1% | 57.3% | 50.8% | 52.6% | 52.0% | 53.3% | 47.8% | 47.6% |
| ▄█▇██▆▃▁ | Cost of Funds (%) | 1.06% | 1.16% | 1.13% | 1.15% | 1.15% | 1.11% | 1.05% | 0.99% |
| ▄▅█▇▁▁▁▁ | NPA / Assets (%) | 0.07% | 0.09% | 0.12% | 0.10% | 0.04% | 0.04% | 0.04% | 0.04% |
| ▄▅█▇▁▁▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.16% | 0.23% | 0.20% | 0.08% | 0.08% | 0.09% | 0.08% |
| ▁▁▃▃▅▅▆█ | Tang. Book Value ($M) | $733 | $725 | $784 | $789 | $848 | $844 | $862 | $939 |
| ▁▁▁▂▃█▇█ | Gross Loans ($M) | $2,362 | $2,372 | $2,358 | $2,383 | $2,395 | $2,470 | $2,456 | $2,480 |
| ▁▂▃▅▆▇▇█ | Total Deposits ($M) | $3,498 | $3,559 | $3,585 | $3,673 | $3,697 | $3,737 | $3,755 | $3,797 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 6% |